Sylvamo to pursue sale of European business unit and records $128 million in Q3 adjusted EBITDA
SLVM Sylvamo Corp
$38.18 +0.47%
View chart & analysis → - 1Sylvamo Corporation has entered into a put option agreement, including binding offers from Midas Atlantic Partners and Nazafi Company, to acquire the European business unit.
- 2The transfer of Sylvamo's European business includes approximately 50 million euros in working capital included in the transfer.
- 3Sylvamo's Q3 adjusted EBITDA recorded $128 million, achieving an adjusted EBITDA margin of 20%.
So what's the key point?
Sylvamo has decided to transfer its European business unit to other companies. The company is reorganizing its business while recording $128 million in profit.
Source The Motley Fool +1 · View original ↗
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